China is building dominance in the industries that will define the next 20 years- rare earths, magnets, batteries, EVs, robotics, semiconductors and advanced manufacturing. JL Mag is a perfect example. It already dominates high-performance rare-earth magnets and is now moving into components for humanoid robots. The strategy is simple: own the raw material, the technology, the manufacturing and eventually the entire ecosystem.
Meanwhile, much of Indian business is still chasing softer opportunities- bottled water, ice creams, snacks, packaged foods and instant delivery. Even our great software success is largely built on labour-cost arbitrage.
China is building tomorrow’s infrastructure. We, in India, should be asking- what are we building that the world will need tomorrow?